AUD/USD elicited support at 0.7730 after extending south from 0.7805

0.7730 approximates to Thursday's low. 0.7805 was Thursday's one-week high

Thursday's high was notched after dovish Powell comments nL1N2JP2A9

Subsequent decline influenced by modest Asian and European equity losses

Nikkei closed down 0.6%. Pan-European STOXX 600 down 0.4% nL4N2JQ22J

AUD is a liquid proxy for risk. 0.7805 = 14 pips shy of recent 34-month high